A cash flow statement brings order to the chaos. Our easy coffee shop example shows how this report can make it easy to understand your business finances. We go through line by line what it all means and where all the important numbers should sit.
The balance sheet is packed with financial information crucial to understanding the health of your company. However, for a lot of people, it’s one of the hardest financial statements to get to grips with. Even the most fundamental pillar of the balance sheet, why it needs to balance, eludes many of us.
In part 3 of our business planning series we tackle the dreaded financial forecast head on. You’ll pull together everything you’ve learnt in the 90 day challenge to create compelling, realistic financial projections for your startup. It’s not as scary as it seems and we’ll show you exactly what you need to do.
Extrapolating historical data is one way of creating a financial forecast. If you’re a new business or a you are launching a new product, you need a different process. In this article we go through what this process looks like and how you can make effective projections even without past figures to reference.
The 13 week cash flow forecast is a tool for improving cash management in your business. Dedicating just a small amount of time to plan ahead can have great benefits and in this article we explore how you can take action now to avoid problems in the future.
Financial forecasting is a crucial business activity – so why isn’t everybody talking about it? In this ultimate guide, we bring together the reasons why forecasting is so important and how to go about making realistic forecasts painlessly!
Having a quarterly business planning cycle helps your vision to keep on track, but what exactly is the process? Read more to find out how we manage it.